The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi Ggp who really knows what the future holds so please don’t worry about hindsight because we can only live life in the present, My only timing in the stock market is to make a good profit on the capital I risked so if you made a good return on your money and you are happy with that then that’s what counts. To me it’s the compounding that counts in investing even if it’s only 10% each trade but over and over again, imagine how rich we would be :-) like Jesse Livermore said “Profit always take care of themselves but losses never do”.
Hi Ggp to me a Profit is only a Profit when you take it off the table so well done
Hi Tunrkey17 it certainly has been since October’s low and I’m not complaining after 2 years of drifting sideways. May it carry on but we all know that nothing keeps going forever and in my opinion is due a normal retracement now before I it turns around to make new highs again. Will it reach 4225 b4 it retraces, let’s see what the follow-ups hold. IMHO DYOR
Good to see the SP closed at £4100 yesterday, now it would be nice to finally see if it closes above the all-time Closing price 4180 made on 04/11/2021 and if it reaches above £4600 or thereabouts then it would tell me is turning into upward momentum but b4 then a normal reaction could be due the higher it gets now IMHO. So let’s see what the follow-ups hold.
Hi Ggp that’s a good observation and you summed up well of life uncertainties. I agree your analysis there and I also look forward to see £30 too and may the momentum keep carry on and I hope Q1 update will be a nice one to keep it going. have a good weekend all.
Hi Ggp are you getting too dizzy at this height now :-) but it’s a nice problem to have isn’t it.
That’s why I like to have a price guide/pointers to see the trend direction, so today I’m gonna see if it closes above my short term price guide/pointer £2905 first b4 I can even think about my medium and longer term price guides/pointers. I can only hope so let’s see what the future holds :-) IMHO DYOR
It’s nice to see a good strong Close today nearer the new 52 weeks high 2873 made today, after a hotter than expected US inflation figures drove all the indexes into the red earlier.
Hi Ggp a follow up to your article yesterday from Ben van Beurden today.
https://oilprice.com/Latest-Energy-News/World-News/Former-Shell-CEO-Says-New-York-Stock-Exchange-Benefits-Oil-Firms.html
Hi Ggp I concur about Sawan’s tenure and I liked his approach and leadership skills and focus in the company especially after watching the Q3 update during Q&A sessions with the analysts as per my post on 02/11/2023. And I think the share price will move up if those actions are fruitful, that is excluding any unforeseen catalyst that could derail everything imho.
I also agree he is trying to close the gap with US peers or even the takeover you’ve mentioned, I just founded a bit funny about the dividend cut being left out because I sure a lot of institutional investors who can move a SP like the income funds must have sold it after the cut and moved the money elsewhere with better returns.
Hi Ggp thank you for the article and good point about the companies and governments, but would politicians listen I doubt it. It’s funny tho how the CEO is quick to complain about the lagging SP compare to US companies but never once mentions how US companies never cut the dividend during Covid where as Shell and BP took advantage to rebased it to suit them. Is all about selective bias really, but onwards and upwards and may SP carries on and let’s see what Q1 holds on 2nd of May after last Friday trading update and BP’s update today.
OPEC+ meeting concluded without any changes to the current production as expected.
https://www.cnbc.com/2024/04/03/crude-oil-prices-today.html
No wonder why the SP shot up earlier to an intra-day high of £45 around 3pm and was wondering what was happening, only to come back down and close at £43.50 in the end.
Siemens AG Statement regarding Renishaw plc released at 17.19pm :-
https://www.lse.co.uk/rns/RSW/statement-regarding-renishaw-plc-ift0tsl2fh1qltb.html
It’s nice to see you again, it’s been 5 mths since last time. Just watch out Normad he’s probably tired to see you again! :-)
Https://oilprice.com/Energy/Energy-General/Shell-Oil-Revises-its-Climate-Goals.html
It’s nice to you again, it’s been over 2 years since last time! :-)
The highest the SP has been from Low 2500 (Closing price) made on 23/09/2022, since 2021 when it peaked at 4180 (Closing price) on 04/11/2021. Let’s see what the follow-ups hold.
Clarkson hits record profits after energy supply and Red Sea disruption:-
https://www.proactiveinvestors.co.uk/companies/news/1042270/clarkson-hits-record-profits-after-energy-supply-and-red-sea-disruption-1042270.html